India, Brazil conclude social security agreement

India and Brazil initialled the finalised text of the Social Security Agreement taking forward the spirit of the Goa Declaration at the 8th BRICS Summit, outcomes of the meetings of BRICS Labour & Employment.

Ministers held on 9 June 2016 in Geneva and on 27-28 September 2016 in New Delhi.

The SSA between India and Brazil once in force (by early 2018) will also be the first such agreement between the BRICS countries.

Quick Question for Bank PO/ IBPS Exams 2016-17:

India with which country initialled the finalised text of the Social Security Agreement taking forward the spirit of the Goa Declaration at the 8th BRICS Summit?

Australia research centre enters into agreement with Indian Railways

A Railway research centre in Australia has entered into an agreement with the Indian Railways to support future research and technology development related to critical infrastructure in India.

Representatives from Monash University Institute of Railway Technology (IRT) and Indian Ministry of Railways corporation DFCCIL (Dedicated Freight Corridor Corporation of India Limited) signed an agreement.

IRT with partners – Balaji Railroad Systems Ltd (BARSYL), leading railway consultants in India, PwC, and Indian Institute of Bombay (IITB) were selected as the preferred supplier from a competitive global selection process.

They will provide guidance on the establishment of a new applied research and development institute in India known as SRESTHA (Special Railway Establishment for Strategic Technology & Holistic Advancement).

SRESTHA will be locally engaged, but have a global reach with the aim to become a world leader in the advancement of rail.

Quick Question for Bank PO/ IBPS Exams 2016-17:

Which country’s railway research centre has entered into an agreement with the Indian Railways to support future research and technology development related to critical infrastructure in India?